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GEM Electric Vehicle Company Names Richard J. Kasper President and COO

October 29, 2002

Richard J. Kasper has been named president and chief operating officer of Global Electric MotorCars, LLC, effective Dec. 1, 2002. Global Electric MotorCars, LLC, located in Fargo, ND, is a wholly-owned subsidiary of DaimlerChrysler Motors Company LLC. The company manufactures and markets GEM neighborhood electric vehicles.Mr. Kasper is currently the executive vice president and chief financial officer for Global Electric MotorCars.Prior to joining the company, Mr. Kasper was with the Jack Kent Cooke organization in Los Angles. Mr. Kasper will be based in Fargo, ND, where GEM manufacturing and administrative facilities are located. Mr. Kasper will succeed Kenneth R. Montler, who has been president and chief operating officer since Aug. 1998. Mr. Montler is leaving to pursue other professional interests.
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